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Inspired by Alibaba's success and encouraged by Ma's words, Chinese entrepreneurs are trying their luck, digging for new gold in the internet sector and fiercely competing to find the next profitable business model. This has unleashed unprecedented innovation and driven the economy.

Instead she chose to embrace the pressure of participating in an online talent show, titled The Coming One, where over 50 female contestants compete for a chance to launch a solo music career.

Investors and economists said there's not much that monetary policy can do to save the global economy, especially when some major central banks－such as the European Central Bank and the Bank of Japan－have already cut interest rates into negative territory, according to CNBC.

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Innovations related to recycling and garbage sorting take center stage at the recent IE Expo China in Shanghai. [Photo by Gao Erqiang/China Daily]

Instead of focusing on LCD manufacturing, Foxconn said it wants to create a "technology hub" in Wisconsin that would largely consist of research facilities along with packaging and assembly operations,Louis Woo, special assistant to Foxconn CEO Terry Gou, told Reuters in a story published on Wednesday. It would also produce specialized tech products for industrial, healthcare and professional applications, he added.

Investigations show that the vessel was registered in Hubei's Badong county. It measures 75.5 meters long and 11.4 meters wide, with a molded depth of 4.1 meters. It can carry a weight of 1,900 tons.

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Innovation is in Scott's DNA and fueled his desire to set up Malong Technologies, which specializes in AI-based visual product recognition technology.

Innovative designs have enabled the introduction of high-speed railways into mountainous regions and enhanced passengers' travel experiences.

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Inspection teams will be sent to six provincial-level regions between August and October. Legislative bodies in 12 other provincial-level regions are tasked to run parallel inspections.

Inspur has about 150 employees in Greater Seattle focused on software and IT. In Silicon Valley, the company has another team of more than 60 focusing on manufacturing and hardware R&D.